Reported about 1 year ago
Experienced NYSE floor trader Peter Tuchman, with over 40 years of experience, suggests that trading GameStop stock is akin to gambling. Tuchman cautions novice traders against holding onto meme stocks like GameStop, emphasizing the risky nature of such speculative investments. He points out the fundamental challenges faced by GameStop, including declining sales and profit margins, amidst an industry shift towards digital platforms. Tuchman advises investors to focus on fundamentals and exercise caution when considering GameStop as an investment.
Source: YAHOO